How To Get Started With CryptoCurrency On Binance Exchange

Step 1 – Create an Account on Binance

To create an account, go to the registration page here. You need:

• Your email address (to an email client that you can access).
• A strong password.

You fill in the registration form and voila! You are good to go. An email confirmation will be sent to your registered email. Once you click it, you can move on to the next step.

It is important to read the verification email carefully since it gives you basic security tips (like not giving your password to anybody).

The next step is to log in and get started with the account. You will need to read some more account security tips.

Click the checkbox to the right of each tip to show that you have understood it. After ticking all of them, you can proceed.

Step 2 – Enable the 2 Factor Authentication (2FA)

The 2FA is a method of ensuring that only one person, you, accesses the account anytime. It helps to protect your account from hackers and scammers. Binance holds funds for you and millions of users and takes security very seriously.

Fortunately, enabling 2FA is very easy as you only need to install an app on your mobile phone which will always generate a random code for you when logging into the account.

If you do not wish to install an app (or if you are unable to), you can use SMS for receiving a code whenever you log in.

You could always skip this step for later. However, skipping it will mean you remain unverified and hence your withdrawal limit will be low.

Step 3 – Account Verification

Next, you might want to verify yourself if you want to withdraw coins later. Verification involves sending a timestamped picture of yourself with an identification document.

the identity verification is needed for some payment methods, like adding cards and using the cash wallet balance.

Step 4 – Buying The CryptoCurrency

1. On the top of Binance home page, select the “Buy Crypto” option.

2. Select the fiat currency you want to use.

* Please be noted that if you want to deposit non-USD currencies via VISA or Mastercard, an additional conversion fee will be charged.

3. Enter the amount of fiat currency you want to spend to buy cryptos. Note: if the amount is above or below the limit, you will receive a notice in red.

4. Select the crypto coin you want to buy, confirm all information, and then click on “Next”.

5. For different fiat currencies, the supported payment methods are also different. So you may choose the ones available for RUB, then click “Buy” to the next step and you will be guided to complete the payment on the related platform.

If you want to buy crypto by adding a bank card or using the balance in your Binance cash wallet, the identity verification for your Binance account is needed. For most of the other channels, you just need to pass their required verification.

6. If you choose to use the balance in your Binance cash wallet, you may choose the payment method and then you will be guided to deposit your fiat currency first.

Once clicked on the “Buy” button, a final confirmation window will pop out. Here are the ultimate purchase details, please double-check the price and the crypto number you are going to buy, and click on “Confirm” to proceed.

* Because of the fluctuations in the crypto markets, the purchase price is valid only for 60 seconds. Please kindly confirm the transaction before the countdown ends. Otherwise, you will need to refresh this page, and the numbers may vary at that time.